Brick Wall of Resistance at Crime Scene – WSE Pro

The Fed rate cut rally ran into a brick wall of resistance on Wednesday, ending the day lower after initially tacking on strong gains on the heels of the Fed announcement. All of the loss came in the last hour, and the slide continued after hours. The question we now face is whether this is just a detour on the way to higher prices or a U turn that will lead to a test of the lows. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

This entry was posted on January 30, 2008 at 9:34 pm and is filed under Professional Edition, Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.